Bipartisan support given to legislation that guarantees annual cost-of-living increase. House legislators recently finalized plans to secure a cost-of-living increase in veterans’ benefits for the upcoming year, and…
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DOE Finalizes Window Air Conditioner Efficiency Standards
The department continues to address backlog of energy efficiency updates. The Department of Energy (DOE) finalized new energy efficiency standards for window air conditioners on Thursday, continuing to…
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Department of Energy Regulations on Air Conditioners
The regulations are meant to reduce consumer energy costs and cut pollution. In an effort to both cut air pollution and reduce consumer costs, the Department of Energy…
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Legislation Introduced to Cap Insulin Prices
Representative Bush says, “We cannot solely rely on the whims of pharmaceutical companies.“ Senator Bernie Sanders of Vermont has introduced a bill that would cap the list price…
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Fed Rate Hikes Could Come Quicker
Chairman Powell cites an unexpectedly strong economy. The Federal Reserve may speed up interest rate hikes more than expected in their endeavors to combat inflation, Federal Reserve Chairman…
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Another January Inflation Marker Higher Than Expected
President says there is more work to do. The Federal Reserve’s preferred method of measuring inflation, the Personal Consumption Expenditures Price Index (PCE), rose to an annualized 5.4 percent…
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Nation’s Household Debt at $16.9 Trillion
Greatest increase in two decades hits record. A new report from the Federal Reserve reveals that U.S. household debt has risen to a record $16.9 trillion in the…
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January Inflation Higher Than Expected
Labor Department reports inflation now at a 6.5 percent annual rate. The U.S. Department of Labor released its January consumer price index Tuesday which reflected a half percentage…
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IRS Changes Tax Brackets for 2023 Tax Year
Officials cite inflation as the reason for the changes. The Internal Revenue Service announced it is making multiple changes to its tax code for 2023. They are including…
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Gas Prices at the Pump Going Up Again
Nation seeing its fifth straight week of increase. According to data compiled by Gas Buddy, Americans are likely to see gasoline prices reach $4 a gallon and more. In…
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